Nasdaq-listed Greenlane buys an additional $8 million worth of BERA... holdings near 60.17 million

Nasdaq-listed Greenlane Holdings(Greenlane Holdings) said on the 11th that it had purchased an additional $8 million worth of Berachain(Berachain) token BERA.

Specifically, Greenlane invested about $8 million from October 23 to December 3 to buy 5.76 million BERA tokens. The average purchase price was about $1.39 (about 1,950 won).

With this additional purchase, Greenlane secured a total of 60.17 million BERA tokens, including an initial holding of 54.23 million and staking rewards of 180,000.

Greenlane placed about 8.33 million of its BERA tokens with available liquidity into Berachain's Proof of Liquidity (PoL) on-chain staking. The remaining amount is under lock-up and vesting periods.

The company also obtained more than 180,000 BERA in rewards through BERA token staking over about two months. As of December 3, the PoL annualized yield rate is around 30%.

Greenlane plans to continue buying BERA in Q4 2025 and seeks additional earnings not only through PoL staking but also by participating in the Berachain ecosystem's decentralized finance (DeFi) protocols. Cash and stablecoins (crypto assets pegged to fiat currency) prepared for additional BERA purchases amount to about $32 million.

Ben Isenberg(Ben Isenberg), Greenlane Holdings' Chief Investment Officer (CIO), said, "We have maintained a disciplined investment stance despite the volatile cryptocurrency market," adding, "We are holding most of the funds recently raised in a private placement, so we will be able to continuously execute strategies to expand BERA holdings and generate revenue through the remainder of 2025 and into 2026."